Risk
Inflation Is Falling Nicely, So When Will the Fed Cut?
The futures markets say September. Meanwhile, forget about Powell’s 2.0% target.
News
Newsmakers
University of Utah Seeking Director of Investments
The investment chief will oversee the university’s endowments, alongside a yet-to-be-selected OCIO firm.
Asset Allocation
Data Centers, Student and Senior Housing Will Be Hot Areas, Says Investment Chief
Both the need to build infrastructure and demographic changes will drive real asset ‘tailwinds,’ says Harrison Street’s Merrill.
Pensions
Funding for UK Pension Protection Fund Plans Rises Slightly in June
The aggregate funding ratio for the more than 5,000 British pension plans remained unchanged at 149.4%.
Asset Allocation
UK Takes First Steps Toward Sovereign Wealth Fund
The National Wealth Fund aims to make climate-related investments on behalf of the country.
Asset Allocation
Goldman Names Top Investment Targets for 2024’s 2nd Half, as Rates Dip
Investment-grade and high-yield corporate bonds, small caps and European stocks lead the firm’s list.
Asset Allocation
CalSTRS Allocates $200M to Kennedy Lewis for Credit Investments
The pension behemoth will invest assets in secured lending with the debt-oriented asset manager.
Pensions
Atlanta Pension Settles Price-Fixing Lawsuit Against Taro Pharmaceuticals
Sun Pharma-owned pharmaceutical company agrees to pay $36 million due to allegations it fixed prices and misled investors.
Silvergate Capital Settles Charges of Failing to Monitor $1T in Transactions
The firm allegedly misled investors about its compliance and oversight of transactions, including those made by defunct cryptocurrency exchange FTX.
Pensions
US Remains Biggest Force in Pension Realm, per Study
WTW’s Thinking Ahead Institute found that international unrest and an uncertain worldwide economic outlook hinder an otherwise growing global retirement effort.
Pensions
Japan’s GPIF: Active Engagement Spurs Sustainable Market Growth
The pension giant studied its nearly 27,000 engagements with its portfolio companies and found the fund’s influence boosted the firms’ valuations.
Asset Allocation
Wafra’s Capital Constellation Invests in Citation Capital
The woman-owned private equity firm aims to be the biggest private equity debut in Texas.
Risk
Private Credit Not Likely to Run Out of Capital, per Report
The loans yield around 10% yearly, a big enticement to investors, and borrower demand is high, according to Turning Rock Partners.
Newsmakers
Laura Wickström Promoted to CIO of Finnish Pension Insurer Veritas
Wickström was previously deputy CIO of the fund.
Risk
Is an Equal-Weighted Index a Safer Bet Than Cap-Weighted?
Nope. Same-sizing the portfolio members means steeper drops and less robust outperformances, says Sam Stovall.